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Businesses urged to ‘do more’ to win public contracts

BBC News, Monday 11th March 2019, 07 March 2019 The UK government is set to announce that businesses looking to secure public sector contracts will need to do more to help improve society, with issues like modern slavery and climate change top of the list to tackle. The UK spends £49bn with outside organisations every year, and will also try to award more contracts to small firms. When drawing...

Goldman Sachs tells its bankers to loosen their neckties

Michael J. de la Merced, The New York Times, Wednesday 6th March 2019, 06 March 2019 Goldman Sachs told its employees on Tuesday that it planned to relax its dress code. In an internal memo, executives said they would adopt a ‘flexible’ dress code in keeping with the times. It’s the latest attempt by a Wall Street firm to cater to the young workers it tries to recruit. JP Morgan, a top competitor, made the leap to business casual...

Crisis in Democracy: Renewing Trust in America. The report of the Knight Commission on Trust, Media and Democracy

The Aspen Institute, February 2019, 02 March 2019

The Knight Commission report focuses on the intersection of distrust in American democratic institutions and in the journalistic media. Worthwhile for any professional interested in the current climate of distrust, this report finishes with ten recommendations for journalism, technology and citizens, on how democratic governance can best be...

BHP looks to women and science in leadership shuffle

Luke Housego, Australian Financial Review, Thursday 28th February 2019, 01 March 2019 BHP has reshuffled its executive leadership team to include three more women and added roles focused on science and technology, a move the miner says will help position the business for the future. Geraldine Slattery, Laura Tyler, Vandita Pant and Jonathan Price were named on Thursday as incoming executives, taking female representation on the...

ASX governance council dumps ‘social licence to operate’ from guidance

Joanna Mather, Australian Financial Review, Thursday 28th February 2019, 28 February 2019

Following a furore over political correctness, the phrase ‘social licence to operate’ has been dumped from updated guidance by the ASX Corporate Governance Council. All references to the term have been replaced with ‘reputation’ and ‘standing in the community’ in the fourth edition of the council’s principles and recommendations on best...

Japan antitrust probe to target Amazon, Rakuten and beyond

Kosuke Takeuchi and Junichi Sugihara, Nikkei Asian Review, Wednesday 27th February 2019, 27 February 2019 Japanese antitrust authorities are set to launch a probe into Amazon Japan, Rakuten and Yahoo Japan, who are suspected of forcing online vendors into shouldering an unfair burden in rewarding customers through loyalty programs, Nikkei Asian Review has reported. The Japanese Fair Trade Commission is investigating changes in Amazon Japan’s reward...

Glencore moves to cap global coal output after investor pressure on climate change

Nassim Khadem, ABC News, Thursday 21st February 2019, 21 February 2019 Australia’s largest coalminer Glencore has announced it will cap its global coal output at 2019 levels, succumbing to shareholder pressure to take action to address climate change. “To deliver a strong investment case to our shareholders, we must invest in assets that will be resilient to regulatory, physical and operational risks related to...

The road to digital unfreedom: three painful truths about social media

Ronald J. Deibert, Journal of Democracy, January 2019, 20 February 2019

In this article, Ronald J. Deibert from the University of Toronto examines the state of big tech companies today. Describing Google as a ‘massive commercial surveillance system’, Deibert explains what he calls ‘three painful truths’ about social media. First, that the social-media business model is based on relentless surveillance of personal...

You’ve committed to increasing gender diversity on your Board. Here’s how to make it happen.

Paula Loop & Paul DeNicola, Harvard Business Review, Monday 18th February 2019, 19 February 2019 There’s good news for diversity on boardrooms. The vast majority of corporate directors see value in including more women and minorities, with nearly 95 per cent of directors agreeing that diversity brings unique perspectives to the boardroom and 84 per cent believing it enhances board performance. What’s more, the number of directors who rate...

Australia’s biggest companies failing to plan for climate change risks: report

Nassim Khadem, ABC News, Monday 18th February 2019, 18 February 2019 Australia’s biggest companies are not heeding calls from regulators and investors to do more to mitigate climate change risks, according to a new report by environmental campaign group Market Forces. The report is based on public information from 72 big listed companies operating in sectors considered high-risk on climate change. It found that...